The Treasury’s monthly report showed a very large surplus for September. This was due to a big drop in spending, and to rising income tax revenues. Tariffs were an insignificant factor.
You May Also Like
Editor's Pick
Trump’s latest Hollywood “hit” isn’t the kind you stream. Threatening to slap a 100% tariff on films produced in foreign countries, the president’s announcement...
Editor's Pick
We’ve been cautious about the uptrend phase off the April low for a number of reasons, including the lack of breadth support. While short-term...
Editor's Pick
Jeffrey Miron On September 19, President Trump signed an executive order adding a $100,000 fee to applications for H‑1B visas, which allow US employers to...
Editor's Pick
David J. Bier Critics of the H‑1B visa for skilled foreign workers often claim that the status amounts to “indentured” servitude. Indentured servitude is a contract to...